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ALAB · Analysis updated Nov 5, 2026, 11:45 AM ET
Why is Astera Labs, Inc. (ALAB) stock moving?
Astera Labs reported a strong Q3 on Nov 3. Revenue was a record $584.9M, up 154% YoY and above the $550.8M consensus. Adjusted EPS was $1.32 against $1.19 expected. Scorpio is now the largest product family, with an annualized run rate above $1B. Q4 revenue guidance of $730-750M implies about 27% sequential growth. Even so, the shares kept falling after the report. They closed at $223.27 on Nov 4 after an intraday low of $208.40. That is roughly 55% below the $499.48 high of Jun 30. The stock fell from $290 on Oct 29 to $223 on Nov 4, and volume was elevated at 183,502 on Nov 4 in the data provided. The sell-off appears to reflect high expectations, gross margin slipping to 72.3% from 73.3%, and a steep opex step-up to $194-200M in Q4. A beta near 3 and a premarket drop of about 6% on Nov 5 add to the volatility. Analyst sentiment stays positive, with an average target around $360-376. The fundamentals are strong, but price momentum is clearly negative.
News behind the analysis
- Astera Labs Reports Third Quarter 2026 Financial ResultsRecord revenue of $584.9M, up 49% QoQ and 154% YoY. Scorpio became the largest product family.
- Astera Labs Inc Reports Q3 2026 Earnings: Revenue of $584.9 Million Beats EstimatesGAAP EPS was $0.99 and non-GAAP net income was $243.4M. Revenue beat the $550.8M consensus.
- Earnings call transcript: Astera Labs tops Q3 2026 estimates on record revenueAdjusted EPS of $1.32 beat the $1.19 forecast. Scorpio passed a $1B annualized run rate. Q4 EPS guidance is $1.62-$1.66.
- Astera Labs Q3 2026 Earnings Call Highlights: Record Revenue Surge and Scorpio's $1 Billion MilestoneQ4 revenue guidance is $730-750M, 27% sequential growth at the midpoint. Opex is guided up to $194-200M as headcount doubles YoY.
- Astera Labs, Inc. (ALAB) Q3 Earnings and Revenues Beat EstimatesEPS surprise of +10.92% and revenue surprise of +6.27%. The company has beaten EPS estimates four quarters in a row.
- Astera Labs (ALAB) Stock Price, News, Quote & HistoryThe stock closed at $223.27 on Nov 4, down 4.43%. Analyst targets average about $376, with a low of $190 and a high of $500.
- Astera Labs (ALAB) Stock Price & NewsQ3 beat is confirmed. Pre-market on Nov 5 showed a drop of about 6% to $209.58. The low analyst target is $225.
- ALAB Stock Price and ChartThe stock is down 23.2% over a week and 37% over a month. UBS kept a Neutral rating and cut its target to $290 from $300. The 52-week high was $499.48 on Jun 30.
- Astera Labs (ALAB) Stock Price, News & AnalysisThe stock closed at $290.43 on Oct 29. It has fallen about 19% over one month. Beta is about 3.